Various
128
Mines, &c.
390
770
388
540
In other words, in 1893 the British capital invested abroad represented about 15 per cent. of the total wealth of the United Kingdom: nearly one-half of this capital was in the form of loans to foreign and colonial Governments; of the rest a large proportion was invested in railways, banks, telegraphs, and other public services, owned, controlled, or vitally affected by Governments, while most of the remainder was placed in lands and mines, or in industries directly dependent on land values.
Income-tax returns and other statistics descriptive of the growth of these investments indicate that the total amount of British investments abroad at the end of the nineteenth century cannot be set down at a lower